The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $99,600
The following data was prepared by the Oriole Company.
Total Variable Fixed
Sales price $22/unit
Direct materials used $82,650
Direct labor $96,000
Manufacturing overhead $99,600 $9,600 $90,000
Selling/administrative expense $22,700 $13,100 $9,600
Units manufactured 18,000units
Beginning Finished Goods Inventory 19,200units
Ending Finished Goods Inventory 24,500units
Under absorption costing, what is the unit product cost?(Round answer to 2 decimal places, e.g. 15.25.)
Unit product cost
$
Under variable costing, what is the unit product cost?(Round answer to 2 decimal places, e.g. 15.25.)
Unit product cost$
Under absorption costing, what is the cost of goods sold?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)
Cost of goods sold
$
Under variable costing, what is the cost of goods sold?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)
Cost of goods sold$
Under absorption costing, what is the operating income?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)
Operating income
$
Under variable costing, what is the operating income?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)
Operating income
$
Calculate the difference in operating income under absorption costing versus variable costing.(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)
Difference between absorption and variable costing income$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Given the information provided lets calculate the unit product cost cost of goods sold and operating ...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started